Steel Company Investing $240M In Central Florida

Steel Company Investing $240M In Central Florida

Nucor Corporation will invest $240 million to build a rebar micro mill in Frostproof, FL. The Polk County facility is the second rebar micro mill Nucor is constructing: In November 2017, the company announced a rebar micro mill project in Sedalia, MO.

“Nucor has always focused on growing our business to better serve our customers,” said John Ferriola, Chairman, CEO & President of Nucor Corporation. “We are building this rebar micro mill in a great and growing market where demand is strong and there is currently an abundant supply of scrap, a good portion of which is handled by our scrap business, The David J. Joseph Company.

“Consistent with our planned strategy of being a low-cost producer, this micro mill will give us a cost advantage over our competitors who are shipping rebar into the region from long distances,” Ferriola added.

The rebar micro mill is expected to employ approximately 250 people and pay an average annual salary of $66,000. The micro mill will have an estimated annual capacity of 350,000 tons and construction is expected to take two years, pending permit and regulatory approvals.

“We would like to thank the many state and local officials, leaders and partners who have assisted us with the project,” said Dave Sumoski, Executive Vice President of Merchant and Rebar Products. “Identifying the right location is an essential part of our rebar micro mill strategy, and this part of central Florida met all the criteria we evaluate. We look forward to becoming a member of the community.”

Valdosta-Lowndes County, Georgia is a vibrant and premier location for business development opportunities. Located midway between Atlanta and Orlando in the heart of South Georgia, Valdosta-Lowndes County is strategically positioned for businesses to access and serve the global economy.

The U.S. Green Building Council will use the Bank of America grant to support its LEED for Cities and Communities Program. - Read: $500,000 Grant Will Help 15 U.S. Communities’ Sustainability Efforts at FacilityExecutive.com.

New Fusion™ 285 wall system is designed for performance and safety, and is first system to meet new NFPA 2019 regulations. - Read: Fusion 285 Wall System Features JM Cladstone Water & Fire Block at FacilityExecutive.com.

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